Any progress yet? It sounds like you verified you have a fat blue spark by laying a plug againsnt the engine, but is the ignition timing spot-on as well? The plugs should fire at the "F" mark. I've seen instances where folks inadvertently set the timing at the "T", or even at the "double line" full advance mark.
Do you have points, or has it been converted to electronic ignition? As a down-and-dirty check, a 12V light bulb connected across the point contacts should just come on as the engine is turned forward by hand to their respective "F" mark. Also, make sure your coil wires are running to the proper cylinders, and that the 1-4 coil is connected to the 1-4 points (similarly 2-3 coil to 2-3 points.